NCDEX Soya Bean C2 Weekly: Expect Higher Range To Be Tested

Report For Week Dated: 6/04/2015

NCDEX Soya Bean C2 (Price are in INR (Rs)/Quintal)

Cover short position 3479 or below.

Addition of long position has been witnessed as open interest increased with the rise and positive candle which indicates addition of long position.

Indicators moved up which suggest that higher range can be tested.

Higher range is placed for the week at 3515-3614.

Weaker opening and correction first to 3455-3418 can be used for buying with a stop loss of 3337.

The C2 peak is at 3562 where resistance can be witnessed.

Traders can take profits around 3562 or above as the opportunity arises.

Wait for weekly closing above 3562 to re-enter long again.

Any rally to 3560-3614 zone is to take profits.

WEEKLY TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	3479.00	3340.00	UP	3346	31.10	3320	3418	3455	3516	3614

*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with weekly closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a weekly closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close	Price G/L%	Volume	% V Inc/Dec	Open Interest	% OI Inc/Dec	Candle	Position
3479.00	2.17	58900	13.97	58390.00	20.94	Positive	Addition Long

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
48.70	5.53	32.63	69.81	-24.74	11.19	53.16	4.64

Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.